STIF (ALSTI) H2 2023 earnings summary

Executive summary

• Achieved consolidated sales of €35.5 million in 2023, up 14% year-over-year, driven by a favorable product mix and strong growth in high value-added explosion protection products.

• EBITDA rose 37% to €4.74 million, reflecting improved profitability and cost control.

• Successful IPO on Euronext Growth Paris in December 2023, raising €9.0 million gross.

Financial highlights

• Gross margin increased to 56.9% of sales in 2023 from 53.1% in 2022.

• EBIT reached €3.16 million, up 23% year-over-year, including new facility depreciation.

• Net result, Group share, rose 16% to €2.0 million.

• Dividend of €0.19 per share proposed for 2023.

Outlook and guidance

• Q1 2024 sales surged 77% year-over-year to €12.8 million, with strong momentum in explosion protection.

• Targeting €80 million in sales and EBITDA exceeding 15% of sales by 2027.

• New industrial site in Texas scheduled to start operations in June 2024.